How to Locate Hidden Assets as an Executor in Georgia

While we would like to think that everyone has created a will and has done some sort of estate planning in Georgia, unfortunately this is not always the case. Sometimes people put the thought of death out of their minds and push off estate planning and writing their wills until it’s too late. Other times people write their wills, but haven’t spent time coming up with a list of all their assets or where an executor will be able to find their assets. For times like these, you need to know how to locate your loved one’s assets upon their untimely death.

Assets May Be Hiding

The first place to check is your loved one’s residence. People often have file folders and paperwork that shows their bank accounts, savings accounts, 401(k), stocks, bonds, and even life insurance policies. Additionally, it is wise while you are looking through these documents that you take note of any debts, such as credit card bills, mortgage statements, and car payments.

Sometimes people like to hide their valuables in different places. For this reason, we have created a list of places you can search, including:

Home office

File cabinet

Fireproof safe

Under the bed

Dresser drawers

Attic and/or basement

Additionally, your loved one may have stashed valuables in a safe-deposit box. It is important to be methodical in your searches because you may not know about certain assets.

Executors sometimes need the help of a skilled Georgia trust and will attorney to help them deal with the estate’s assets. For assistance, call a Peachtree City estate planning lawyer at the Law Offices of Shane Smith at 770.487.8999 today.

Be the first to comment!

Post a Comment

Name *

Email *

Join the Discussion

Notify me of follow-up comments via email.

Search Our Site

Contact Us

Before you sign any documents, we urge you to contact our legal team using this short form. We will be in touch within 24 hours to discuss your case.